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Funding Circle Holdings Limited ( (GB:FCH) ) has issued an announcement.
Funding Circle Holdings Limited has executed a share buy-back program by purchasing 131,093 of its own ordinary shares on the London Stock Exchange from Investec Bank plc. This transaction, which is part of a previously announced buy-back initiative, will lead to the cancellation of the purchased shares, ultimately reducing the company’s issued share capital to 328,106,461 ordinary shares. The move is intended to streamline the company’s capital structure, potentially enhancing shareholder value and market perception.
More about Funding Circle Holdings Limited
Funding Circle Holdings Limited operates in the financial technology industry, specializing in providing loans to small and medium-sized enterprises (SMEs). The company focuses on facilitating peer-to-peer lending through its online platform, primarily targeting SMEs in the UK and US markets.
YTD Price Performance: 216.25%
Average Trading Volume: 999,553
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £387.3M
See more data about FCH stock on TipRanks’ Stock Analysis page.
